Thread by @JacaNews

#Eskom André de Ruyter is today releasing the company's interim financial results for the period ending September 2020.

#Eskom Ruyter says despite having to implementing #loadshedding on Saturday, the power utility has reduced it significantly.

#Eskom Ruyter says despite having to implementing #loadshedding on Saturday, the power utility has reduced it significantly.

#Eskom De Ruyter: We have revenue of R108.7 billion (Sep 2019: R107.5 billion) despite a 8.76% tariff increase, with sales volumes 10.3%
lower due to the impact of COVID-19 on economic activity and electricity demand

#Eskom De Ruyter: Growth in primary energy costs was stable at 4.4% – average purchase cost per ton of coal increased by only
4.6% (Sep 2019: 14.2%), offset by an increase in the use of diesel to minimise #loadshedding

#Eskom De Ruyter says maintenance has improved significantly. He says this will help lower the risk of #loadshedding but not remove it completely.

#Eskom De Ruyter: Kusile Unit 2 achieved commercial operation on 29 October 2020, with Unit 3 on track for commercial
operation by March 2021 and Medupi Unit 1 by July 2021

#Eskom De Ruyter says the power utilty is cooperating with authorities on criminal charges at Kendal power station. He says they have already instituted disciplinary proceedings. This is related to air pollution

#Eskom De Ruyter on Eskom unbundling. He says they look forward to the separation. Here are the timelines.

#Eskom De Ruyter: All key milestones for functional business separation have been achieved, except for the organisational
structure.

#Eskom CFO Calim Cassim says they are likely to ask for an 8% tariff increase due to the Covid-19 pandemic. He says they will not expect customers to pay a lot because of the global economic position at the moment.